Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-06-07
CDC)li.
state of tho Market During the rasI
Week.

No abatement of confidence in the iu-
ture OF the wool markets appears ut the
West, where prices averages %. Sc. per
pound higher than year ago, and on the
SeabOlrl the tendency of values 1T lust is
upward. Yet the volume
OF business continues moderate. From the
standpoint of the woOlcn and worSted
manufacturers there is nothing to warrant
an advance in their raw material. Goods
are selling no better and Yield no higher
returns than for thU'e months past. The
situation is accordingly this: Dear wool
at the sources OF supply; a dull market Tor
wool products. Ii Is admitted that buy
er, NJ the West are paying too much for
the staple on the basis ct selling prices on
the Atlantic coast. The question
now is whether the Eastern markets,
in the face of quiet WOODEN
industry, are coming up t. the country
level. or whether wool tor which extreme
payments have been made at first hands is
going To be sold tor consumption ut a loss
BUYERS for Boston, New York and Phia-
delphla houses appear - have restricted
their operations somewhat, and yet IN the
aggregate large purchases, especially OF
medium wool, have been made Con
signors to eastern commission houses, and
farmers generally in the interior, are
naming high minimum prices. Will the
manufacturers in view of all the forces
which affect the value OF their output, he
able To respond? Tbs is the problem to bc
solved during the next few weeks.
In all parts ol the west the new clip -
changing hands at lust years prices or
better. Local spectators are active.
Here and there in the south the markets
are .S,5c. higher than year ago. At st.
Louis, however, the earlier excitement has
subsidized, and though auotatiouS are no
lower standing ut about pc. tor choice
medium more discrimination j. shown in
purchases.
California wool Il comm" east. largely
To manufacturers, by WAY at the lSihmuS
Grower. in Montana expect to benefit by
the protection against Pacific coast cnmp,.-
tition which Is afforded by the advanced
freight rates.
An unusual degree oi interest attaches To
the sales at colonial wool ia London which
are to open tuesday. Heavy supplies will
bc offered 10 the market proves strong.
American holders will l." confirmed m their
confidence, whlir, ii 1t Is weak. manulIc-
turrrs ou this side will he even less inclined
thereafter than now T. ill up their store
houses with the new American clip mt its
enhanced cost. The latest English adyires
are not over -eucouragiug. Vol anil T,rfd,
FtbrDS of London reported, May u, that
the domestic wool trade WAS quiet, de
mand showed no improvement, Spinnrrs
buying only tor Immediate needs. and
values, - rule, lavorinS purchasers. At
Glasgow, Bradford, and lScwhcre, trade is
languid, and the markets are dropping.
The East Indies wool SsllcS 1t Liverpool,
however, resulted pretty iayorahly.
At Eo>tou prices have been marked mp
this week through greater part OF the
| list. and fair amount Of business has
/ been done ON the higher plane. lIoldcr,
/ have shown more iirmneSS because II Is
evident that their present stocks cannot
/ bc replaced except at an advance. and
manufacturers have aCcelrl to their de
mands, because rs rule their supplies are
short aud the material must be had In
/ the way OF anticipating future wants little
/ has been done All medium woods are
particularly strong; some descriptions
/ from the Ohio Valley have gained rs much
n Sc. per pound. Very little foreign
wool is now in the market Current quo
/ tations are rs follows in comparison with
/ last year